Vardhman Special Steels (NSE:VSSL) Change In Receivables: ₹0 Mil (TTM As of Mar. 2026)

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NSE:VSSL Vardhman Special Steels Ltd NSE:VSSL
75 GF Score
Price ₹298.35
GF Value ₹223.56
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Vardhman Special Steels Change In Receivables?

Vardhman Special Steels NSE:VSSL +0.32% 75 Change In Receivables is ₹0 Mil as of Mar. 2026. GuruFocus rates NSE:VSSL with a GF Score™ of 75/100 and a GF Value™ of ₹223.56 (Significantly Overvalued). The stock has 7 warning signs investors should review.

Vardhman Special Steels's change in receivables for the quarter that ended in Mar. 2026 was ₹0 Mil. It means Vardhman Special Steels's Accounts Receivable stayed the same from Dec. 2025 to Mar. 2026 .

Vardhman Special Steels's change in receivables for the fiscal year that ended in Mar. 2026 was ₹-160 Mil. It means Vardhman Special Steels's Accounts Receivable increased by ₹160 Mil from Mar. 2025 to Mar. 2026 .

Vardhman Special Steels's Accounts Receivable for the quarter that ended in Mar. 2026 was ₹2,778 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. Vardhman Special Steels's Days Sales Outstanding for the three months ended in Mar. 2026 was 55.37.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Vardhman Special Steels's liquidation value for the three months ended in Mar. 2026 was ₹2,808 Mil.

Vardhman Special Steels  (NSE:VSSL) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Vardhman Special Steels's Days Sales Outstanding for the quarter that ended in Mar. 2026 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=2778.435/4579.154*91
=55.37

2. In Ben Graham's calculation of liquidation value, Vardhman Special Steels's accounts receivable are only considered to be worth 75% of book value:

Vardhman Special Steels's liquidation value for the quarter that ended in Mar. 2026 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=2530.837-3557.958+0.75 * 2778.435+0.5 * 3502.413
=2,808

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Vardhman Special Steels Change In Receivables Related Terms

Vardhman Special Steels Change In Receivables Historical Data

* Premium members only.

The historical data trend for Vardhman Special Steels's Change In Receivables can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Vardhman Special Steels Change In Receivables Chart

Vardhman Special Steels Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.62 -397.06 -6.81 1.15 -160.47

Vardhman Special Steels Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Change In Receivables Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00
NSE:VSSL
75GF Score
Vardhman Special Steels Ltd NSE:VSSL
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
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Vardhman Special Steels Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹0 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Change In Receivables →
What does a Change In Receivables of ₹0 Mil mean?
Vardhman Special Steels (NSE:VSSL) has a Change In Receivables of ₹0 Mil as of Mar. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Vardhman Special Steels and its competitors.
Is Vardhman Special Steels' Change In Receivables too high?
Vardhman Special Steels' current Change In Receivables is ₹0 Mil. Overall, Vardhman Special Steels has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vardhman Special Steels' Change In Receivables compare to NUE and STLD?
Vardhman Special Steels' Change In Receivables of ₹0 Mil can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Receivables for a Steel company?
A good Change In Receivables depends on the Steel industry context. However, Change In Receivables should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Receivables mean?
A high Change In Receivables can signal that a stock is expensive relative to its fundamentals. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Vardhman Special Steels and its competitors. Vardhman Special Steels's current Change In Receivables is ₹0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vardhman Special Steels stock overvalued right now?
Based on GuruFocus' analysis, Vardhman Special Steels (NSE:VSSL) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹223.56, compared to a current price of ₹298.35 — trading 33.5% above its estimated fair value. The current Change In Receivables is ₹0 Mil. Vardhman Special Steels' overall GF Score™ is 75/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Receivables calculated?
Change In Receivables is calculated from a company's financial statements. For Vardhman Special Steels (NSE:VSSL), the current Change In Receivables is ₹0 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Vardhman Special Steels (NSE:VSSL) Overvalued in 2026?

Based on GuruFocus' analysis, Vardhman Special Steels stock appears to be overvalued. The current stock price of ₹298.35 is trading 33.5% above its estimated GF Value™ of ₹223.56. GuruFocus considers Vardhman Special Steels to be Significantly Overvalued.

Key valuation signals for NSE:VSSL:

  • Change In Receivables: ₹0 Mil
  • GF Value™: ₹223.56 vs. price of ₹298.35 (33.5% above fair value)
  • GF Score™: 75/100 with 7 warning signs

No single metric tells the full story. See the NSE:VSSL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Vardhman Special Steels Business Description

Other Exchanges 534392:India
Address Chandigarh Road, Vardhman Premises, Ludhiana, PB, IND, 141 010
Vardhman Special Steels Ltd is engaged in manufacturing steel bars and rods. The company caters to diverse requirements of hot-rolled bars for Engineering, Automotive, Tractor, Bearing and Allied Industries. Its products include Carbon steel, Carbon manganese steel, Chrome steel, Chrome manganese steel, Chrome moly steel, Boron steel, Vanadium steel, and Ball bearing steel. The company manufactures products using techniques such as Steel melting, Rolling Mill, Heat treatment and Bright bar shop. It generates a majority of its revenue from the sale of black bars. The company's operations are mainly located within India and also has a presence outside India.
75GF Score

Get the complete analysis for NSE:VSSL

Change In Receivables is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹298.35
Price
₹223.56
GF Value